Trump threatened to impose tariffs on European products to reduce the European Union’s trade surplus of 155 billion dollars with the United States, so stockbrokers and financial actors reacted with panic, The Daily Telegraph reported.
In the last two months, the banks’ coffers were left without eight thousand gold bars, which represents two percent of the total reserves of that precious metal, the newspaper said.
According to the deputy head of the Bank of England, David Ramsden, the number of requests to withdraw gold from financial institutions grew, after its price in future shares on the New York Stock Exchange exceeded those of the referred metal in London City.
The Bank of England, which has four thousand bullion and acts as the United Kingdom’s central bank, has increased the processing time for its delivery from several days to a few weeks as a result of the activity to access gold reserves.
Trump said at the time that the community block was not buying a sufficient quantity of cars and agricultural products from the United States, so his administration would do something to solve this problem.
The United Kingdom is one of the most faithful partners of the United States or at least of the line followed by the previous administration of Joe Biden in the dispute with Russia and the campaign to reduce its economic, political and military capacity, experts point out.
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